Robo Gold Back
- Experts
- Version: 8.0
- Activations: 5
GOLD BLACK — Smart Grid Robot with Dynamic Take Profit
Overview
GOLD BLACK is an automated trading Expert Advisor based on a progressive buy-grid (averaging) strategy with a dynamic Take Profit calculated on the average price of the position basket.
It works in a simple, visual way: you place a trigger line directly on the chart, and the robot handles everything else — entry, grid layer management, and closing at the profit target. An on-chart HUD panel shows, in real time, the number of open orders, the average price, the floating return, the profit target, and the price of the next layer. The main parameters can be adjusted live, using buttons on the panel itself, without reopening the settings window.
How it works (operating principle)
Entry trigger line: on startup, the robot draws a horizontal line on the chart. Drag it to the price where you want to begin. When the market touches or crosses this line, the EA automatically opens the first buy.
Grid layers: if price pulls back after entry, the robot adds new buys at each defined percentage drop. Each layer uses its own configurable lot (up to 7 layers), lowering the average price of the position in a controlled way.
Dynamic Take Profit: the profit target is continuously recalculated on the average price of the whole basket. Once the configured percentage profit is reached, the robot closes all positions at once.
Automatic re-entry: after hitting the target and closing the basket, the EA resumes monitoring the market to start a new cycle.
Visual lines on the chart: Take Profit (target) and next-layer lines are shown on the chart, making it easy to follow the state of the operation at any time.
Advantages
Fully automatic operation once the trigger line is placed.
Take Profit calculated on the average price, ideal for price-averaging and recovery strategies.
Flexible grid of up to 7 layers, with an individual lot per layer for exposure control.
Live adjustment via the HUD panel: change lot, number of layers, distance between layers, and profit target with a single click, without stopping the robot.
Informative on-chart panel with average price, floating return, next layer, and profit target.
Configurable entry sensitivity in points, to touch the trigger line precisely.
Magic Number identification, so the robot manages only its own orders without interfering with manual trades or other EAs.
Usage recommendations
- Recommended for accounts with adequate margin, as the grid strategy can open multiple positions.
- Always test on a demo account before trading live.
- Adjust the initial lot, number of layers, and distance between layers according to your account size and risk tolerance.
- Input parameters
- Lot and Risk Settings
First Buy Lot — volume of the first order in the cycle (default: 0.01).
Robot Unique Identifier (Magic Number) — number that identifies the EA's orders, avoiding conflict with other operations (default: 888777).
Appearance and Sensitivity
Panel Background Color — background color of the on-chart HUD panel.
- Panel Text Color — color of the information shown on the panel.
- Buy Trigger Line Color — color of the entry line on the chart.
- Market Entry Sensitivity (in Points) — tolerance, in points, for considering that price has touched the trigger line (default: 15).
- Grid Settings
Maximum Number of Layers — maximum number of additional buys the robot can open, from 1 to 7 (default: 7).
Drop Distance Between Layers (%) — percentage price drop required to open the next layer (default: 1.5%).
Layer Multipliers / Lots (can be edited in the settings)
Layer 1 Lot — volume of the 1st additional buy (default: 0.01).
Layer 2 Lot — volume of the 2nd additional buy (default: 0.02).
Layer 3 Lot — volume of the 3rd additional buy (default: 0.03).
Layer 4 Lot — volume of the 4th additional buy (default: 0.04).
Layer 5 Lot — volume of the 5th additional buy (default: 0.05).
Layer 6 Lot — volume of the 6th additional buy (default: 0.06).
Layer 7 Lot — volume of the 7th additional buy (default: 0.07).
Dynamic Take Profit (can be edited in the settings)
Profit Target on Average Price (%) — profit percentage over the basket's average price that triggers closing all positions (default: 1.3%).
On-Chart Control Panel (HUD) The robot includes a visual panel directly on the chart, with full real-time control:
- Live adjustment: change with buttons, without stopping the robot — initial lot, number of layers, drop percentage between layers (%) and profit target percentage (%).
- Movable: drag the panel to any position on the chart.
- Real-time info: open orders, average price, floating return, next layer and profit target.
- Visual lines: entry trigger, take profit and next layer shown on the chart.
